The co-chairs of the Science and Technology Action Committee (STAC), a nonpartisan alliance of nonprofit, academic, foundation and business leaders advocating for greater focus and funding of science and technology, issued the following statement on the second anniversary of the CHIPS and Science Act being signed into law:
Two years ago today, President Biden signed the landmark CHIPS and Science Act into law, cementing a historic, bipartisan achievement that will continue to drive science and technology innovation in the U.S. for decades to come.
As we look back on this accomplishment, we recognize the tremendous efforts of lawmakers who supported and worked diligently to ensure the legislation’s passage. We thank them for their efforts and applaud them for standing up for science and technology.
At the same time, the CHIPS and Science Act hasn’t been funded to the levels Congress authorized, and more needs to be done to fully achieve the legislation’s ambitious goals to advance the science and technology priorities that are critical to our economy, national security, and way of life.
Attaining the vision set forth two years ago requires that lawmakers on both sides of the aisle finish the job by fully funding the bill, and we look forward to helping them in this pursuit to ensure the U.S. remains the global innovation leader.